In a statement released to Usmagazine.com on Wednesday, they state a DVD was given to them by an "unnamed source" on July 30, 2009. "According to the source, the DVD contained images that could link celebrities engaging in illegal activity," the statement reads.

In the clip, which also features Dane's wife Rebecca Gayheart and former Miss Teen USA Kari Ann Peniche, the three appear intoxicated. Gayheart is heard saying, "I'm so high."

The LAPD says it was "in the process of reviewing the voluminous files contained on the DVD when the story was leaked to the media. No determination has been made as to whether or not the DVD contained any information that could be used for a criminal investigation."

Also on the DVD: "Archived articles and photographs of porn stars and formally convicted madams, which could readily be found over the Internet," according to officials.

Police say they are continuing to review the DVD "for potential evidence" and "therefore, additional information about the contents of the DVD will be treated as confidential."

On Tuesday, Peniche's manager, David Weintraub, told Us the 12-minute nude video was taped two years ago "in good fun.

"This is not a sex tape," he added. "It's guys having fun, hanging out together. There is no sex involved in this."